Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Stock Pass Above 200 Day Moving Average – Should You Sell?

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $69.39 and traded as high as $69.44. Invesco CurrencyShares Australian Dollar Trust shares last traded at $69.39, with a volume of 6,791 shares traded.

Invesco CurrencyShares Australian Dollar Trust Trading Down 0.1%

The firm has a 50-day moving average of $69.84 and a two-hundred day moving average of $69.41.

Invesco CurrencyShares Australian Dollar Trust Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.087 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 1.5%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FXA. Raymond James Financial Inc. bought a new stake in shares of Invesco CurrencyShares Australian Dollar Trust during the 2nd quarter valued at approximately $33,000. Geneos Wealth Management Inc. lifted its stake in Invesco CurrencyShares Australian Dollar Trust by 246.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 865 shares of the exchange traded fund’s stock valued at $56,000 after purchasing an additional 615 shares during the last quarter. Bank of America Corp DE lifted its stake in Invesco CurrencyShares Australian Dollar Trust by 147.0% in the 3rd quarter. Bank of America Corp DE now owns 877 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 522 shares during the last quarter. Graney & King LLC acquired a new stake in Invesco CurrencyShares Australian Dollar Trust in the first quarter valued at approximately $125,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Invesco CurrencyShares Australian Dollar Trust in the third quarter valued at approximately $203,000.

About Invesco CurrencyShares Australian Dollar Trust

Guggenheim CurrencyShares Australian Dollar Trust, formerly The CurrencyShares Australian Dollar Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Australian Dollars and distributes Australian Dollars in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Australian Dollars plus accrued interest, if any, less the expenses of the Trust’s operations. The Shares are intended to offer investors an opportunity to participate in the market for the Australian Dollar through an investment in securities.